Akoustis Technologies Inc [NASDAQ: AKTS] plunged by -$0.01 during the normal trading session on while it closed the day at $0.09.
Akoustis Technologies Inc stock has also loss -13.91% of its value over the past 7 days. However, AKTS stock has inclined by 26.47% in the 3 months of the year. Over the past six months meanwhile, it has lost -47.88% and lost -89.69% year-on date.
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The market cap for AKTS stock reached $13.52 million, with 154.59 million shares outstanding and 149.77 million shares in the current float. Compared to the average trading volume of 21.14M shares, AKTS reached a trading volume of 11321477 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Akoustis Technologies Inc [AKTS]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for AKTS shares is $1.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on AKTS stock is a recommendation set at 1.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Piper Sandler have made an estimate for Akoustis Technologies Inc shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on January 04, 2024. While these analysts kept the previous recommendation, B. Riley Securities dropped their target price from $9.25 to $1.75. The new note on the price target was released on September 06, 2023, representing the official price target for Akoustis Technologies Inc stock. Previously, the target price had yet another raise to $9.25, while B. Riley Securities analysts kept a Buy rating on AKTS stock. On February 02, 2021, analysts increased their price target for AKTS shares from 18 to 20.
The Average True Range (ATR) for Akoustis Technologies Inc is set at 0.02, with the Price to Sales ratio for AKTS stock in the period of the last 12 months amounting to 0.46.
AKTS stock trade performance evaluation
Akoustis Technologies Inc [AKTS] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -13.91. With this latest performance, AKTS shares gained by 64.75% in over the last four-week period, additionally sinking by -47.88% over the last 6 months – not to mention a drop of -84.91% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for AKTS stock in for the last two-week period is set at 51.58, with the RSI for the last a single of trading hit 47.36, and the three-weeks RSI is set at 52.33 for Akoustis Technologies Inc [AKTS]. The present Moving Average for the last 50 days of trading for this stock 0.0737, while it was recorded at 0.0937 for the last single week of trading, and 0.2390 for the last 200 days.
Akoustis Technologies Inc [AKTS]: An insightful look at the core fundamentals
Akoustis Technologies Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.28 and a Current Ratio set at 0.32.
Earnings per share (EPS) analysis for Akoustis Technologies Inc [AKTS] stock
With the latest financial reports released by the company, Akoustis Technologies Inc posted -0.19/share EPS, while the average EPS was predicted by analysts to be reported at -0.18/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -0.01. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for AKTS.
Akoustis Technologies Inc [AKTS]: Institutional Ownership
There are presently around $14.03%, or 14.51%% of AKTS stock, in the hands of institutional investors. The top three institutional holders of AKTS stocks are: VANGUARD GROUP INC with ownership of 3.23 million shares, which is approximately 3.5335%. TAYLOR FRIGON CAPITAL MANAGEMENT LLC, holding 2.79 million shares of the stock with an approximate value of $$0.37 million in AKTS stocks shares; and TAYLOR FRIGON CAPITAL MANAGEMENT LLC, currently with $$0.33 million in AKTS stock with ownership which is approximately 2.7797%.
